Your answer is correct. On March 2, Sunland Company sold$956,000 of merchandise on account to Grouper Company, terms 3/10, n/30. The cost of the merchandise sold was $552,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit 956000 Sales Revenue (To record credit sale) Cost of Goods Sold 956000 552000 Inventory 552000 To record cost of merchandise sold) Your answer is partially correct. On March 12, Sunland Company received the balance due from Grouper Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Cash Sales Discounts 1728 Accounts Receivable